today, harry reid said the republicans are protecting the demands of the special interest groups not agreeing to close tax loopholes to pay for spending. he called for tax reform, and, basically, said that the president wants to close these loopholes to pay for more spending or pay down the deficit. republicans want to deal with tax reform, and this is the first bill passed in the new house with the hr1 tag, the coveted first spot in the house. that's tax reform to get rid of some loopholes and lower tax rates. there's the continued argument there. the bottom line, heading into tomorrow, when the automatic spending cuts take place, you may have congressional leaders at the white house. the senate votes later today, but there is zero movement towards a bipartisan compromise to get it done. nothing is beginning to get through the senate today, and it doesn't seem like anything soon will either. back to you. dagen: rich, thank you for that on capitol hill. connell: more in a few minutes, but shifting gears to another story on fox business, jpmorgan chase holding $2.3 trillion in assets,